Quote:
Originally Posted by Pballer
It appears that the county assessor is in on the joke.
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Not necessarily. The appraiser will use comparable prices of homes when assessing the property for taxes. Usually, the only winner is the seller who received MUCH MORE than the home was worth.
This is why buyers are waiting to see what the real estate market brings. How low will the prices go? No one wants to own a home they paid far too much or be upside down on the mortgage.